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Oct 7, 2013
10/13
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the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills that congress racked up. so, i think a way to view this is really around the issue of certainty. constructive is past experience in our recent task here to demonstrate how this works. in 2011, republicans and the firstecided for time in our history to threaten default if they did not get what they want
the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which...
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Jan 15, 2013
01/13
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the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cliff that is facing us? or do you think it
the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in...
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Oct 9, 2013
10/13
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raise the debt ceiling. and then you negotiate. this game of chicken is costing economicry too much doom or failure. a lot of heartache. i think the president was very authentic and genuine today. i did not even vote for him in two elections, but the republicans are doing him a disservice, the way they are holding the country hostage. they failed to win. you know what? when midterm elections come, they are going to lose even more. >> they will be back at me in taking up a couple of republican sponsored bills. one would be partial funding for the federal aviation administration. the other is with the payment of death benefits to veterans. the army times is writing about that this evening in the headline. -- here we go.s shutdown of death benefits for military families. number ofa growing military families are facing temporary denial of the $100,000 gratuity benefit the defense department typically provides after service members are killed while on active duty. they say at least 17 troops have died, since the shutdown began october 1
raise the debt ceiling. and then you negotiate. this game of chicken is costing economicry too much doom or failure. a lot of heartache. i think the president was very authentic and genuine today. i did not even vote for him in two elections, but the republicans are doing him a disservice, the way they are holding the country hostage. they failed to win. you know what? when midterm elections come, they are going to lose even more. >> they will be back at me in taking up a couple of...
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Oct 15, 2013
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stands ready, ready to work with our colleagues to raise the debt ceiling and get our economic house in order. i yield back. mr. jeffries: i thank the distinguished gentlewoman for her remarks. we are going to invite now the distinguished gentlelady from the great state of texas, congresswoman sheila jackson lee, who has joined us today to share her remarks and observations as to this debt ceiling crisis that we are confronting right now. i yield to congresswoman jackson lee. ms. jackson lee: let me thank the gentleman for his courtesies and look at this in a somewhat unique fashion to speak to the pending crisis and to join with my colleagues and particularly in following the chairwoman, congresswoman fudge, and thanking her for setting the tone of the interests of the congressional black caucus to be collaborative and to be problem solvers. let me thank the distinguished gentleman from new york in his timeliness in bringing us to the floor and the gentleman from from nevada in speaking to the american people and certainly to our colleagues. i do want to offer to my colleagues a leg
stands ready, ready to work with our colleagues to raise the debt ceiling and get our economic house in order. i yield back. mr. jeffries: i thank the distinguished gentlewoman for her remarks. we are going to invite now the distinguished gentlelady from the great state of texas, congresswoman sheila jackson lee, who has joined us today to share her remarks and observations as to this debt ceiling crisis that we are confronting right now. i yield to congresswoman jackson lee. ms. jackson lee:...
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Oct 13, 2013
10/13
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debt ceiling is not raised later this month. the u.s. government collects enough in taxes each month to finance interest on the debt." again, i'm not trying to trivialize this scenario, but i do think it is important to talk precisely about we are -- about what we are talking about. i don't think it is accurate to talk about if we default next week. i don't think there's any need, any chance of defaulting next week. does anybody disagree with that, defaulting on payments on government securities? >> senator, i agree with you. however, let me tell you what is happening at the street level. the confidence of our buyers and sellers is waning very rapidly. we have transactions canceling right now. we have people not being able to get loans. we can't get beyond where we are at. it is going to go backwards very fast. yes, you could probably mechanically do all of this, but the confidence of the american people is going to be really in the toilet. i'm sorry. >> mr. thomas, let me pick up on another comment of yours. in your testimony,
debt ceiling is not raised later this month. the u.s. government collects enough in taxes each month to finance interest on the debt." again, i'm not trying to trivialize this scenario, but i do think it is important to talk precisely about we are -- about what we are talking about. i don't think it is accurate to talk about if we default next week. i don't think there's any need, any chance of defaulting next week. does anybody disagree with that, defaulting on payments on government...
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Jan 15, 2013
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there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host
there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there...
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Sep 30, 2013
09/13
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this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the majority for concessions. you can argue whether it is healthy or unhealthy, but its very existence leads to the kind of showdown we are having now. question about where the money comes from when we raise the debt ceiling. why can't we just print more money? aren't we doing that every month now? guest: right. ok, it is really important to distinguish between the banking system, the federal reserve and the banks, and how money is created in a modern capitalistic economy versus what the government spends. congress does not have any right to print money. the feder
this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the...
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Oct 13, 2013
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why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major test the something is not done. front page of "cq weekly" talks about the debt deadline -- just to read you a little bit of that article in this week's "cq weekly" -- anthony is on the republican line. i am wondering if mandatory spending is the same as the law that was passed in years ago which any federal agency that provides funds has to spend their entire funds for the year to receive the 10% the following year. is that what the republicans in congress are trying to cut back on so this debt is not floated out of the water, which i feel tha
why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major...
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Jan 14, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small-business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials would not get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet. markets could go haywire. interest rates would spike for anyone who borrowed money. every homeowner with a mortgage, every student with the business -- every student with the student
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's...
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Jan 19, 2013
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he called on congress to raise the debt ceiling in the release of u.s. can pay its bills. he spoke at the gerald ford school of public policy. >> thank you very much. it is also my great pleasure to welcome all of you here today. on behalf of the gerald r. ford school of public policy, the university of michigan is extremely honored to welcome the hon. ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in our series of distinguished lectures, policy talks at the fort school. we're so pleased that region white can introduce to the events and we're also very president marye sue: here today as well as -- we also have several of the university's executive officers and beans. i would like to welcome all of them and thank them for joining us today. it is an honor and truly personal pleasure to introduce our next guest. the fed's charges to provide a healthy economy. this is a complex and critically important mission and it makes the person at its helm one of if not the most important the policy makers worldwide. cha
he called on congress to raise the debt ceiling in the release of u.s. can pay its bills. he spoke at the gerald ford school of public policy. >> thank you very much. it is also my great pleasure to welcome all of you here today. on behalf of the gerald r. ford school of public policy, the university of michigan is extremely honored to welcome the hon. ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in our series of...
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Oct 15, 2013
10/13
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it does not just mean raising the debt ceiling. it does not just mean growing more money. it means fixing the problem. to act.ed we need to address the debt ceiling, we need to get government open but we need to have a common commitment, a bipartisan commitment to solve the underlying problems. to get the reforms and the savings that will ensure that we are not spending more than what we are taking in. the big part of that is economic growth as well. we understand that. the point where we come together in a bipartisan way and i would argue this is that point, this is that time. where we truly come together in a bipartisan way. the markets would react. this countryacross would react. businesses large and small would react, because the certainty of knowing that weird dealing with our debt and deficit would give them the confidence to invest and hire more people. not only bringing people back to work, reducing unemployment, but getting economic growth. economic growth that not by raising taxes but with economic growth, running and growing the base, generating revenue to help
it does not just mean raising the debt ceiling. it does not just mean growing more money. it means fixing the problem. to act.ed we need to address the debt ceiling, we need to get government open but we need to have a common commitment, a bipartisan commitment to solve the underlying problems. to get the reforms and the savings that will ensure that we are not spending more than what we are taking in. the big part of that is economic growth as well. we understand that. the point where we come...
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Oct 10, 2013
10/13
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this idea of the president going through the debt ceiling and raising the debt ceiling on his own. what do you make of that possibility? guest: we have had discussions eighth amendment. do the creditors of the united states believe we have enough money to pay our debts and do we have the political will to pay our debts. they do not want to know if there is a cute trick we can pull up. they want to know if we have the willingness to pay our debts. that is the essential question. that is why republicans must join with democrats to raise the debt ceiling. we must do it. it cannot be conditional on the affordable care act. they have to do it. it is our patriotic duty to make sure we safeguard the full faith and credit of the united states. host: a week from the debt ceiling deadline. do you think that will happen? guest: i believe people are essentially good no matter how they are behaving at the moment. i believe republicans are going to come to their senses. there are 24 members of the republican caucus who say they will do the responsible thing. i asked jon banner to let us vote. as
this idea of the president going through the debt ceiling and raising the debt ceiling on his own. what do you make of that possibility? guest: we have had discussions eighth amendment. do the creditors of the united states believe we have enough money to pay our debts and do we have the political will to pay our debts. they do not want to know if there is a cute trick we can pull up. they want to know if we have the willingness to pay our debts. that is the essential question. that is why...
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Oct 11, 2013
10/13
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debt ceiling is not raised later this month. the u.s. government collects enough in taxes each month to finance interest on the debt." again, i'm not trying to trivialize this scenario, but i do think it is important to talk precisely about we are -- about what we are talking about. i don't think it is accurate to talk about if we default next week. i don't think there's any need, any chance of defaulting next week. does anybody disagree with that, defaulting on payments on government securities? >> senator, i agree with you. however, let me tell you what is happening at the street level. the confidence of our buyers and sellers is waning very rapidly. we have transactions canceling right now. we have people not being able to get loans. we can't get beyond where we are at. it is going to go backwards very fast. yes, you could probably mechanically do all of this, but the confidence of the american people is going to be really in the toilet. >> mr. thomas, let me pick up on another comment of yours. in your testimony, you sort of
debt ceiling is not raised later this month. the u.s. government collects enough in taxes each month to finance interest on the debt." again, i'm not trying to trivialize this scenario, but i do think it is important to talk precisely about we are -- about what we are talking about. i don't think it is accurate to talk about if we default next week. i don't think there's any need, any chance of defaulting next week. does anybody disagree with that, defaulting on payments on government...
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Oct 10, 2013
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about our debt ceiling raise, interest rates are likely to raise. raise in capital will become a problem. do you have any thoughts on what that's going to be doing to our silicon valley entrepreneurs? mr. honda: well, it's a dampening effect. i think people are less likely to invest. even though there's a great faith in the kinds of activities we have in silicon valley. i think those who have the resources to make the investments, they're going to be looking at it twice before they can move forward. i think that they're very concerned about the government's behavior in terms of how we manufacture crisis around the debt limit, how we manufacture crisis about the c.r. or the budget. and all we need is what we proposed a few months ago and that is a good balanced budget that would drive this country forward economically and logically. no family functions without a good budget. and what we're doing is we created a budgetary crisis that guarantees -- they've already done it -- closure of the government or the dysfunction of a family. and when you do that
about our debt ceiling raise, interest rates are likely to raise. raise in capital will become a problem. do you have any thoughts on what that's going to be doing to our silicon valley entrepreneurs? mr. honda: well, it's a dampening effect. i think people are less likely to invest. even though there's a great faith in the kinds of activities we have in silicon valley. i think those who have the resources to make the investments, they're going to be looking at it twice before they can move...
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Oct 17, 2013
10/13
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raise this debt ceiling? that was the question being raised yesterday. no.e 18 people voted they basically took the principled position that we have to start now, not tomorrow, to do something about this debt. is from arlington virginia and on our republican line -- arlington, virginia, and on our republican line. my notes out. i used to be a journalist. my points are the things that have not been discussed. ofst of all one-third workers are freelance. geteconomy is not going to at. everybody is blaming the republicans, blame technology. everybody loves the free access. us the jobs. it is costing us the businesses that we know that used to be rick businesses -- brick businesses. ecological companies are the ones responsible for a lot of tax dollars -- technology companies are the ones responsible for a lot of tax dollars going out of the country. a lot of money is being thrown at startups in the tech industry. we are learning what we thought was a free ride was actually an expensive one. we have been paying w
raise this debt ceiling? that was the question being raised yesterday. no.e 18 people voted they basically took the principled position that we have to start now, not tomorrow, to do something about this debt. is from arlington virginia and on our republican line -- arlington, virginia, and on our republican line. my notes out. i used to be a journalist. my points are the things that have not been discussed. ofst of all one-third workers are freelance. geteconomy is not going to at. everybody...
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Jan 3, 2013
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host: you have any reluctance in raising the debt ceiling? guest: there's always a reluctance about raising the debt ceiling, always reluctant when you are on the edge. clearly, every decision that has to be made here, whether it's immigration or the debt ceiling or the budget, those kinds of things if after the carefully crafted and considered, because there are so many facets. i learned as a legislator in texas that there's this thinks called unintended consequences, that usually makes a big difference that you have to factor in. host: back in texas, while the 100th of congress is finishing up their work, you were watching these votes very late in the night, new year's eve, a senator voting on new year's day at 2:00 a.m. what were you thinking about coming here after those type of folks? guest: it was a pretty phenomenal thing to watch. i was thinking, i hope we are not that bad. i hope to do better. as i have read the press headlines this morning, the last congress did not get very good reviews. i hope the congress i'm a part of work toget
host: you have any reluctance in raising the debt ceiling? guest: there's always a reluctance about raising the debt ceiling, always reluctant when you are on the edge. clearly, every decision that has to be made here, whether it's immigration or the debt ceiling or the budget, those kinds of things if after the carefully crafted and considered, because there are so many facets. i learned as a legislator in texas that there's this thinks called unintended consequences, that usually makes a big...
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Oct 15, 2013
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ronald reagan raised the debt ceiling 18 times during his two terms. and yet our good friends on the other side of the aisle want to come here and lecture president obama as if he's being irresponsible when the paragon of conservative presidential leadership recognized the necessity on 18 occasions and as memorialized in this correspondence of raising the debt ceiling. we're pleased that we've been joined by the distinguished gentlelaid fromy from columbus, ohio, who -- from column -- gentlelady from columbus, ohio, who has conducted herself with such grace here and we're proud to call her a member of this freshman class. i yield now to representative joyce beatty. mrs. beatty: thank you, mr. speaker. and thank you, mr. jeffries and to mr. horsford. it is an honor for me to stand here on this floor with you. as a colleague in our freshman class. but first let me thank you for your leadership and also to congresswoman marcia fudge from my great state of ohio, as president of the congressional black caucus. as i stand here tonight, i am reminded of the w
ronald reagan raised the debt ceiling 18 times during his two terms. and yet our good friends on the other side of the aisle want to come here and lecture president obama as if he's being irresponsible when the paragon of conservative presidential leadership recognized the necessity on 18 occasions and as memorialized in this correspondence of raising the debt ceiling. we're pleased that we've been joined by the distinguished gentlelaid fromy from columbus, ohio, who -- from column --...
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Jan 3, 2013
01/13
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republicans are saying, president obama, you want to raise the debt ceiling? there's a price for that. as ugly as the fight was in 2011, when john boehner and president obama almost got a grand bargain, they didn't get it but they still had major cuts which set up the sequester and the budget control act. republicans say even though that fight was ugly, we got cuts out of that, a lot more cuts than they got on the fiscal cliff. they're actually well positioned, i think they got trounced in the fissical cliff debate but they feel like, we've done the revenue side, now we're going after spending in 2013. but republicans and democrats have a habit of saying, we'll get to spending, just later on. and once again they've done that. president obama has indicated, listen, he still wants more revenue, wants to go after tax loopholes. he's not done going after revenue. host: a democratic caller, d rambings nell from maryland. caller: i agree with the last caller, he right. we heard lindsay graham and mccain talking about round two they're trying to, want to stick it to
republicans are saying, president obama, you want to raise the debt ceiling? there's a price for that. as ugly as the fight was in 2011, when john boehner and president obama almost got a grand bargain, they didn't get it but they still had major cuts which set up the sequester and the budget control act. republicans say even though that fight was ugly, we got cuts out of that, a lot more cuts than they got on the fiscal cliff. they're actually well positioned, i think they got trounced in the...
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Oct 23, 2013
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it was give me my money and raise the debt ceiling and you will be amazed to see how much i'm willing to negotiate once you give me everything i want. it was indicated yesterday by the administration, gee, there is a possibility we may have to delay the individual mandate. jimin an article today from wisner, the title of the article, obamacare mandate may be delayed. official says deadline to have insurance could be postponed. article says, the obama administration may give americans extra time to sign up for health insurance under the affordable care act, postponing penalties for failing to buy coverage will go into effect, market watch has learned. further down, it says the administration declined to say whether people who purchase health insurance late in the snowment period, say on march 31, would be exempt from a penalty. even if the policy doesn't kick in until april or may. nor would the department give a specific date by which people would need to buy coverage to escape a fine, the h.h.s. or health and human services official however indicated that the administration may exten
it was give me my money and raise the debt ceiling and you will be amazed to see how much i'm willing to negotiate once you give me everything i want. it was indicated yesterday by the administration, gee, there is a possibility we may have to delay the individual mandate. jimin an article today from wisner, the title of the article, obamacare mandate may be delayed. official says deadline to have insurance could be postponed. article says, the obama administration may give americans extra time...
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Jan 23, 2013
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that's how long republicans are prepared to raise the debt ceiling. they really don't even address the debt ceiling issue. three months. but republican leaders are doing more. they have made promises to their fellow republicans to get their vote, to even go beyond the ryan budget. this is like the ryan budget on steroids. they have called this bill no budget, no pay. but who pays under the republican budget? seniors pay. ending the medicare guarantee. seniors, children, and people with disabilities pay, cutting medicaid. children pay because it will cut investments in their education and their future and their self-fulfillment in the competitiveness of our country and the global economy. veterans pay because of the gutting of our domestic spending priorities. i don't think we should ever link what we do here as to whether people get paid. we have a lot of work to do here this linkage is a gimmick, it's a joke, it's not right, it's designed to put people on the spot and say either you get -- you don't get paid and in order to get paid, in order for mem
that's how long republicans are prepared to raise the debt ceiling. they really don't even address the debt ceiling issue. three months. but republican leaders are doing more. they have made promises to their fellow republicans to get their vote, to even go beyond the ryan budget. this is like the ryan budget on steroids. they have called this bill no budget, no pay. but who pays under the republican budget? seniors pay. ending the medicare guarantee. seniors, children, and people with...
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Oct 14, 2013
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if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme court might rule. order me asation is treasury secretary to pay the bills as they come in on time and in full, and those people who feel they have been aggrieved can take this to the supreme court. host: what has the white house said about the option? guest: that line of reasoning has been rejected. i think i know why. they do not want that situation to recur. they are not want the president -- host: sounds like you think the option might be on the table. guest: i do not know what secretary lew will recommend. for me it is a bina
if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme...
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Oct 14, 2013
10/13
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your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i guess this is going to happen october 17. sure scares tuple. guest: it's not just brinkmanship, but america's reputation overseas. host: caller, you are on the air. caller: hello, everyone. i think we see -- host: all right, let's move on to nicole in jackson city. caller: i was calling to talk but the government shutdown. i have a niece. she is in college. her child was in head start. the thing with parents -- they have to overcome and yesterday in the grocery store, there was a woman in there behind her. they had 9 children. they got the groceries. they coul
your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i...
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Oct 13, 2013
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your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i guess this is going to happen october 17. sure scares tuple. guest: it's not just brinkmanship, but america's reputation overseas. host: caller, you are on the air. caller: hello, everyone. i think we see -- host: all right, let's move on to nicole in jackson city. caller: i was calling to talk but the government shutdown. i have a niece. she is in college. her child was in head start. the thing with parents -- they have to overcome and yesterday in the grocery store, there was a woman in there behind her. they had 9 children. they got the groceries. they coul
your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i...
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Oct 10, 2013
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ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase. this is what is occurring. we have got to stand firm. adhere, at least, to the containment of the growth of spending that was in the budget control act. failure to do that is a in our promises to the american people, a total abandonment of any contention that we would be fiscally responsible. it is unthinkable that we would abandon the limits. the truth is, the sad truth is the budget control act reductions in the growth of spending do not come close to putting us on a firm financial footing. we are on an unsustainable debt course as our cbo has told us. we are seeing a reduction in the de
ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase....
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Jan 23, 2013
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one, don't raise any question about not raising the debt ceiling, unfortunately we have to do that. we have to get our long-term fiscal house in order. that means we need tow get the entitlement programs under control. to make sure they achieve the result attended, which is protecting the widespread population. there are simple entitlement reforms that are straight forward that this congress could adopt quickly, they are not legislatively complex. these are the kind of reforms that received bipartisan in the past. they are common sense things. it is frustrating that we don't take them more seriously and move on them because they have profound impacts in the long run. yes, we have a serious problem with a $1 trillion budget deficit but as large as that is, that problem is dwarfed by the long-run entitlement programs. there are some reforms that will go a long way to get social security and medicare under control. that's where congress should be looking as we debate fiscal policy this year. >> do you think investors look beyond that debt ceiling to fose fundamentals you talked about?
one, don't raise any question about not raising the debt ceiling, unfortunately we have to do that. we have to get our long-term fiscal house in order. that means we need tow get the entitlement programs under control. to make sure they achieve the result attended, which is protecting the widespread population. there are simple entitlement reforms that are straight forward that this congress could adopt quickly, they are not legislatively complex. these are the kind of reforms that received...
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Oct 15, 2013
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does not just mean raising the debt ceiling. it does not just mean our wing -- borrowing more money. it means fixing the problem. so we need to act. have a common commitment, a bipartisan commitment to solve the underlying problems, to get the reforms and savings that will ensure we are not spending more than we are taking in. of course a big part of that is economic growth as well. we understand that. i would argue this is the point, this is that time are we truly come together in a bipartisan way. i think the markets would react. i think business across this country would react. this misses large and small would react because the certainty of knowing we are truly dealing with our debt and deficit would give them the confidence to invest and hire more people. not only bringing people back to work, reducing unemployment by getting economic growth. not by raising taxes but economic growth, broadening and growing the base, generating revenue to help with deficit and debt. theink by putting commonsense reforms, solutions in place a
does not just mean raising the debt ceiling. it does not just mean our wing -- borrowing more money. it means fixing the problem. so we need to act. have a common commitment, a bipartisan commitment to solve the underlying problems, to get the reforms and savings that will ensure we are not spending more than we are taking in. of course a big part of that is economic growth as well. we understand that. i would argue this is the point, this is that time are we truly come together in a bipartisan...
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Jan 5, 2013
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we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt reduced over time. host: our guest john hoeven is former president and ceo of the bank of north dakota and a graduate of dartmouth and went to northwestern university. on facebook -- guest: i think, again, we've got to get to the point where we are moving the legislation across the floor in a clear, open, transparent manner where it is debated, the public is aware of what is getting funded and what is not getting funded, so there is broad public support for things that have merit and they are funded. and the things that are not, in that debate back and forth
we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt...
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Jan 9, 2013
01/13
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we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated repeatedly that he is willing to compromise when it comes to moving forward with deficit reduction. we obviously because of the sequester and the cr and other issues have economic, budgetary, and fiscal challenges that we need to confront, and that requires discussion and negotiation with congress. but he will not negotiate over the fundamental responsibility that only congress has to raise the debt ceiling. and if that is a responsibility that is just too onerous for them to bear, they should pass it off to the president as they did previously. he will not negotiate over raising the debt ceiling. this is not -- were not going to play a hostage-situation game where the economy of the united states and the world suffers because of an insistence on a political agenda by one party and one house of congress -- or one party in both houses of congress. >> so if none of those things happens, and then -- so it's kind of a game of chicken -- and then
we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated repeatedly that he is willing to compromise when it comes to moving forward with deficit reduction. we obviously because of the sequester and the cr and other issues have economic, budgetary, and fiscal challenges that we need to confront, and that requires discussion and negotiation with congress. but he will not negotiate over the fundamental responsibility that only congress has to raise the debt...
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Sep 25, 2013
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the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt ceiling, it is kind of like a false argument. is it your position it is not a big deal? and, two, would there be a debt figured that you would be concerned we would not be able to dig our way out of? guest: that is a good question. i do think we have a debt issue in this country but the debt ceiling is not central to that issue. the debt ceiling has to be raised because of commitments congress has already raised. across the last several congress is going back 10 or 15 years we made spending decisions am a taxing decisions, commitments. and we
the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt...
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Oct 9, 2013
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we hear if we don't raise the debt ceiling the world will end. we have been trying to convince people that the debt ceiling and the default are not linked in any fashion. thankfully, thankfully, just 15 minutes ago somebody came in and agreed with me on this. it's moody's. we would agree that the government would pay principal on its debt leaving its credit worthiness intact. the debt limit restricts government expenditures to the amount of its revenues. it does not prohibit the government from servicing a debt. it goes on to say, these two things are not linked. let's have a reasonable debate on the debt ceiling. mr. mulvaney: let's stop trying to scare people and the markets if we don't raise the debt ceiling the nation will default on its debt. thank you, mr. speaker. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from new jersey rise? >> to address the house for one minute. the speaker pro tempore: without objection. >> the leadership, the president, the senate and the democrats in this body hav
we hear if we don't raise the debt ceiling the world will end. we have been trying to convince people that the debt ceiling and the default are not linked in any fashion. thankfully, thankfully, just 15 minutes ago somebody came in and agreed with me on this. it's moody's. we would agree that the government would pay principal on its debt leaving its credit worthiness intact. the debt limit restricts government expenditures to the amount of its revenues. it does not prohibit the government from...
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Oct 9, 2013
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they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to thinking of a republican party that was much smaller thanand this one is. this is a raucous caucus, no doubt about it. a lot of people came here in 2020 and 2012. again, they are trying to do the right thing, doing what their constituents want them to do, i would expect a vigorous debate. the democrats are more cohesive than they used to be. the diversity that we used to think of, they are smart -- smaller and further to the left, it makes agreement between the two difficult from the speaker standpoint. host: congressman peter king talk about this clash within
they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to...
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Oct 10, 2013
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the debt ceiling. we have been ready to talk, we've been ready to cooperate. we have given them their number. we've done everything as democrats to be part of the american leadership. now we ask, it is time to vote. unlock the door of the workers who want to work for america. i yield back. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from pennsylvania seek recognition? mr. thompson: request unanimous consent to address the house for one minute, revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. thompson: mr. speaker, i'm appreciative of the 57 democrats in the house who have consistently voted with republicans to pass targeted appropriation bills to fund the federal government. i'm disappointed that so many house democrats have cast votes to support a continued shutdown. last night democrat washington delegate eleanor holmes norton confronted president obama over the district's budg
the debt ceiling. we have been ready to talk, we've been ready to cooperate. we have given them their number. we've done everything as democrats to be part of the american leadership. now we ask, it is time to vote. unlock the door of the workers who want to work for america. i yield back. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from pennsylvania seek recognition? mr. thompson: request unanimous consent to address the house for one minute,...
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Jan 23, 2013
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chairman, i believe the congress needs to raise the debt ceiling. i believe the best way to achieve these goals is three long term balanced approach. it is not clear to me that this bill is liable to achieve these goals. unlike my chairman, i have not had enough time to look at this. we just got it this morning. as you know, we just received it yesterday. that raises constitutional questions. i think it deserves a serious look. as he continued the provisions, i hope you will grant an open rule so we can see if these improvements need to be made. house administration is responsible for members and a -- pay. we know the 27th amendment -- i am not a constitutional lawyer of any kind. i apologize for that. the members compensation, you may need to adjust that. it is unclear on what pay is withheld, benefits and a host of other considerations. as we continue to review the bill, we need to improve the legislation. the only way you can publish that is by adopting an open rule. i encourage this committee to adopt one. thank you for your time. >> thank you,
chairman, i believe the congress needs to raise the debt ceiling. i believe the best way to achieve these goals is three long term balanced approach. it is not clear to me that this bill is liable to achieve these goals. unlike my chairman, i have not had enough time to look at this. we just got it this morning. as you know, we just received it yesterday. that raises constitutional questions. i think it deserves a serious look. as he continued the provisions, i hope you will grant an open rule...
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Oct 5, 2013
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cerealing to be raised.-- the debt ceiling to be raised. you do not want the u.s. to default. democrats are interpreting that saying the 11th hour, when the president refuses to negotiate on the debt ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american people under obama care. i don't believe that we should default on our debt. it's not good for our country. but after 55 years of spending more than what you bring in, something ought to be addressed. this year, we'll have more revenue than any year in the history of our country and yet still have a nearly $700 billion deficit. i think the american people expect if we're going raise the amount of money we can borrow, we ought to do something about our spending problem in the lack of economic growth in our country. >> is this shutdown -- this showdown about
cerealing to be raised.-- the debt ceiling to be raised. you do not want the u.s. to default. democrats are interpreting that saying the 11th hour, when the president refuses to negotiate on the debt ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american...
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Sep 25, 2013
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guest: there's no budgetary option for not raising the debt ceiling. i think of the budget that i introduced, for example, an incredibly conservative budget, but it took four years. rand paul had a budget that took four years. there's not one budget proposal in washington, d.c. that says i can get to balance tomorrow, we don't need to raise the debt ceiling. what we need to see, juana, is if you don't have a plan to get our budget to balance sometime, tomorrow, a year from tomorrow, 10 years from tomorrow, then we're going to have to raise the debt ceiling forever. do we have to raise the debt ceiling tomorrow to pay the bills? we do. but we shouldn't raise the debt ceiling without a commitment from all sides, house, senate, white house, to get on a path to balance one day. borrowing indefinitely is not a plan for economic success. i can cooperate with my colleagues on any plan that brings me to balance. i just need to see a commitment from them that we are going to get them one day and one day soon. host: sure. we'll take one last call from congressma
guest: there's no budgetary option for not raising the debt ceiling. i think of the budget that i introduced, for example, an incredibly conservative budget, but it took four years. rand paul had a budget that took four years. there's not one budget proposal in washington, d.c. that says i can get to balance tomorrow, we don't need to raise the debt ceiling. what we need to see, juana, is if you don't have a plan to get our budget to balance sometime, tomorrow, a year from tomorrow, 10 years...
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Sep 26, 2013
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saying he will not accept any provisions in return for raising the debt ceiling. i mean, nothing at all. so i do not really understand, talking toonest from some republicans, not sure that they have yet figured out what their in game is on this. other than to at least give the republicans one chance to say that they voted to raise the debt ceiling, and then put in the president and democrat's court to say date reviews to go along with the court -- with the ideas. host: are they making preparations were shut down? guest: yes, it is. they sent a formal letter to every agency and department selling them to consider carefully who is essential and who is not. and to put plans in place so that on monday night or tuesday morning, people will know whether they are supposed to come to work or not. congress is quietly doing the same thing. the courts are as well. this is different in one important way from the shutdown 1996, -- of 1995 and which is back then, congress had actually passed appropriations bills for the year, so the entire shutdown only affected about happy dep
saying he will not accept any provisions in return for raising the debt ceiling. i mean, nothing at all. so i do not really understand, talking toonest from some republicans, not sure that they have yet figured out what their in game is on this. other than to at least give the republicans one chance to say that they voted to raise the debt ceiling, and then put in the president and democrat's court to say date reviews to go along with the court -- with the ideas. host: are they making...
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Oct 15, 2013
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limit for raising the debt ceiling for default? >> those are two different things. on october 17, as the treasury secretary has noted, the united states runs out of borrowing authority. and beyond that point, we only have cash on hand available on hand to pay our bills. the secretary of treasury has testified to this. so i would put to his statements about that fact. but as everyone knows, in order to meet all of our obligations as a country, the united states needs borrowing authority in order to make sure that all of our bills are paid. all of the obligations that congress has made, all of the bills that congress has incurred will come due. and if we can only pay those bills with cash on hand, that is a problem -- >> we have a countdown clock and counting down to midnight tomorrow, but is it midnight tomorrow? >> i would -- as much as i would like to improve the quality of the coubtdown clocks, i would have to refer you to treasury on the minute and hour. >> when does congress need to act by? do they need to pass something by tom
limit for raising the debt ceiling for default? >> those are two different things. on october 17, as the treasury secretary has noted, the united states runs out of borrowing authority. and beyond that point, we only have cash on hand available on hand to pay our bills. the secretary of treasury has testified to this. so i would put to his statements about that fact. but as everyone knows, in order to meet all of our obligations as a country, the united states needs borrowing authority in...
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Oct 9, 2013
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byy raise the debt ceiling under ronald reagan we raise the debt ceiling 18 times. yet for a thank you note from ronald reagan. tip supported ronald reagan in a tax increase one year after his reagan revolution because it was hemorrhaging red ink. he needed a tax increase. he got it. they save social security for another generation in that compromise and it worked out. he worked together on a lot of policy issues. this relentless opposition to the president hurts the country. we have a loyal opposition that is healthy, but i commend the example of tip o'neill and ronald reagan. two very different ideological tents. but they came together because they understood how important it was. -- it is not as if he is -- [laughter] play.treet has able to i think the business community has a role to play. people who the republican caucus have respect for. i know that they are waiting in. tune orlly need to fine republican caucus if they have not started it already. maybe their constituents want their rates to go up on the home mortgage. maybe the one interest rates to go up to
byy raise the debt ceiling under ronald reagan we raise the debt ceiling 18 times. yet for a thank you note from ronald reagan. tip supported ronald reagan in a tax increase one year after his reagan revolution because it was hemorrhaging red ink. he needed a tax increase. he got it. they save social security for another generation in that compromise and it worked out. he worked together on a lot of policy issues. this relentless opposition to the president hurts the country. we have a loyal...
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Sep 30, 2013
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let us pass legislation that will raise the debt ceiling. then we can have a reasoned we have a lot of differences on these other issues. stop targeting women for these kinds of specific attacks. thank you. >> we are happy to answer any questions. >> if a shutdown cannot be avoided, members of congress will continue to collect a paycheck. is that appropriate? >> no. i have a bill that would stop us from getting paid. if we do not pay our bills and we defaulted, i asked everyone to become a cosponsor of that bill. we passed it once before. we sent it over to the house. the house killed it. it is absolutely inappropriate. and i think i speak for my colleagues. >> you mentioned the medical device tax. can you give me an idea of what the caucus might consider as an appropriate to pay for if they were to repeal that? >> we are having a caucus meeting. i do not want to confuse things with you. senator reid said that we are going to handle this message from the house the same way we handled their first bill. anythinging to strip extraneous from ed
let us pass legislation that will raise the debt ceiling. then we can have a reasoned we have a lot of differences on these other issues. stop targeting women for these kinds of specific attacks. thank you. >> we are happy to answer any questions. >> if a shutdown cannot be avoided, members of congress will continue to collect a paycheck. is that appropriate? >> no. i have a bill that would stop us from getting paid. if we do not pay our bills and we defaulted, i asked...
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Sep 9, 2013
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the white house is saying we're not going negotiate at all and we just need to raise the debt ceiling. the white house doesn't know. host: susan, do you agree with that? guest: right. it's a battle of whether or not the president really sticks to what he which is no negotiating. that's a tough line to draw. there will probably some negotiating. you already have some democrats who don't want the sequester already in place. so one wonders how they're going to -- i'm wondering how they're going to move it this time, and get that debt ceiling raised by mid october. i suspect it will push beyond that, but i do think there will be a compromise that's going to have to involve perhaps dealing with entitlements. that's a way out where there is some common values and views between both the democrats and republicans that we need to do something about medicare. that could be sort of the way out on the debt ceiling fight but that is a real big issue trying to tackle something like medicare. guest: once you add the entitlement the democrats and white house would say we will give you something if we
the white house is saying we're not going negotiate at all and we just need to raise the debt ceiling. the white house doesn't know. host: susan, do you agree with that? guest: right. it's a battle of whether or not the president really sticks to what he which is no negotiating. that's a tough line to draw. there will probably some negotiating. you already have some democrats who don't want the sequester already in place. so one wonders how they're going to -- i'm wondering how they're going to...
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Oct 15, 2013
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default by raising the debt ceiling. you know, we don't need any more self-inflicted wounds from congress. the economy is already paying a price as outside analysts have noted. there is already a cost to the economy and therefore to growth and jobs from this behavior and it's important, as i think so many americans believe that it stopped that congress simply fulfilled its basic responsibilities to open the government, to fund it at, again, levels that were set by republicans so that we can get about the business of negotiating in good faith over longer term budget proposals. >> but there are provisions on -- you are talking about the short-term increase in the debt ceil, the c.r., you're not going to talk about the obamacare provisions which are also on the table, you're talking about the short-term debt ceiling and c.r. provisions, even if these are sort of small fry gives on obamacare, doesn't it violate the principles that the president set out there that we will not negotiate on obamacare? >> until we have a proposa
default by raising the debt ceiling. you know, we don't need any more self-inflicted wounds from congress. the economy is already paying a price as outside analysts have noted. there is already a cost to the economy and therefore to growth and jobs from this behavior and it's important, as i think so many americans believe that it stopped that congress simply fulfilled its basic responsibilities to open the government, to fund it at, again, levels that were set by republicans so that we can get...
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Oct 16, 2013
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the debt ceiling. what is your take? guest: it is following the same storyline we have been dealing or 10or the last nine months, and really since the tea party came to washington, d.c. you have a very small, yet big enough group in the house republican caucus that is controlling the agenda down here, and that is what you saw last night. you have all of these factions within the republican conference. you have the extreme folks who still want to talk about defunding the affordable care act or delaying the affordable care act, or doing something with the affordable care act to appease the extreme right wing, the heritage foundation, and those gropes -- groups, and you have more honest brokers like the gentleman from virginia who was on recognizes these fights should happen in more regular order. what we saw last night was a culmination of what has been happening in washington for a few years now, since the 2010 election, but more specifically in the last eight or nine months. host: what do you expect to
the debt ceiling. what is your take? guest: it is following the same storyline we have been dealing or 10or the last nine months, and really since the tea party came to washington, d.c. you have a very small, yet big enough group in the house republican caucus that is controlling the agenda down here, and that is what you saw last night. you have all of these factions within the republican conference. you have the extreme folks who still want to talk about defunding the affordable care act or...
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Oct 8, 2013
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and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world, or veterans benefits, or social security whatever it is that congress already authorized, what this does is make sure that we can pay those bills. the last time that the tea party republicans flirted with the idea of default, two years ago, markets plunged, business and consumer confidence plunged, america's credit rating was downgraded for the first time, and a decision to actually go through with it, to actually permit default, according to many c.e.o.'s, would be, i'm quoting here, insane, catastrophic, chaos. these are some of the more polite words. warren buffett likened default to a nuclear bomb a. weapon too horrible to use. it would disrupt markets. it would undermine the world's confidence in america as the bedrock of the global economy. and it might permanently increase our bor
and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world, or veterans benefits, or social security whatever it is that congress already authorized, what this does is make sure that we can pay those bills. the last time that the tea party republicans...
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Jan 6, 2013
01/13
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so when we have to raise the debt ceiling again, i'm going to make a simple request. let's come up with a plan bipartisan in nature to save social security and medicare from bankruptcy because they are going to run out of money and become insolvent in the next 20 years, and let's also create a spending reduction plan that will allow us not to become greece. if you want to raise more revenue by capping deductions, you can count me in because we'll need some more revenue. but in 17 months, ladies and gentlemen, we spent 2.1 trillion. we're burning through money like crazy. it took us 200 years to borrow the first $2 trillion. we spent $2.1 trillion of borrowed money in 17 months. that's got to stop. so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how m
so when we have to raise the debt ceiling again, i'm going to make a simple request. let's come up with a plan bipartisan in nature to save social security and medicare from bankruptcy because they are going to run out of money and become insolvent in the next 20 years, and let's also create a spending reduction plan that will allow us not to become greece. if you want to raise more revenue by capping deductions, you can count me in because we'll need some more revenue. but in 17 months, ladies...
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Oct 7, 2013
10/13
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what are republicans saying that they want in exchange for raising the debt ceiling? caller: a good question. we are not sure yet. spending, economic growth and other things, putting together some sort of legislative vehicle. very similar to the bill that republicans intended a few weeks ago. they are probably going to look for something regarding the , repeal, orare act something else. alongave been clear all that they expected to do something with the debt ceiling a debt ceiling increase. there were many republicans that did not want to go this route, tactically, with the government shutdown and spending. they wanted to pass a clean continuing resolution. they did not have the same level of support at all for the clean cr. i think that over the next few days by the end of the week we will know sort of what they are wrangling to negotiate as a part of this. so, what did we hear from the administration yesterday? caller: they are not going to increase the federal borrowing limit. democrats are trying to break the precedent set in 2011. senate democrats and the adminis
what are republicans saying that they want in exchange for raising the debt ceiling? caller: a good question. we are not sure yet. spending, economic growth and other things, putting together some sort of legislative vehicle. very similar to the bill that republicans intended a few weeks ago. they are probably going to look for something regarding the , repeal, orare act something else. alongave been clear all that they expected to do something with the debt ceiling a debt ceiling increase....
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Dec 12, 2013
12/13
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if they vote for this budget, they will have to raise the debt ceiling. it is going to be fascinating to see what happens. host: terry, republican caller. good morning. caller: i have a couple of things. everybody likes to put -- point fingers about the sequester being a bad thing. i think that was president obama's thing. more importantly, i was watching c-span and the shenanigans going on in the senate. will they put out the message -- the nomination, the way they're going about it, it is disturbing. you are stacking the deck in the district court. is that fair? to shut down a voice of the senate, the minority. that is mind boggling. host: the talkathon continues in the senate on c-span2. they have been talking all through the night about the judicial nominees. a vote is expected around 9:00 a.m. for the equal opportunity commissioners renomination over there. guest: the sequester was not an obama thing. .his was set up by congress we did it to ourselves. american people should or ought to know that we did not expect the sequester to take effect. we tho
if they vote for this budget, they will have to raise the debt ceiling. it is going to be fascinating to see what happens. host: terry, republican caller. good morning. caller: i have a couple of things. everybody likes to put -- point fingers about the sequester being a bad thing. i think that was president obama's thing. more importantly, i was watching c-span and the shenanigans going on in the senate. will they put out the message -- the nomination, the way they're going about it, it is...
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Apr 30, 2013
04/13
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they voted to raise the debt ceiling as part of the deal. there are members of congress that voted yes on that but are not on your list. there well, like i said, is criteria. you have to be in a relatively safe or about the conceit and score under 70% on our scorecard. -- you have to live in a relatively safe republican seat and score under 70% on our scorecard. if you are going to represent a safe republican seat, you ought to be able to support a program agenda and take the risk of leadership, do the things we have to do as a nation to be responsible to future generations and get our fiscal house in order. if you're not willing to do that, a.b. summary else will, and maybe your constituents ought to know that the things you say all the campaign trail about how we have to get out budget balanced and all these things and then you go to washington and don't support these policies -- your constituents ought to know and ought to have the choice to send someone else if they think you're not doing the job. host: according to the sunlight foundati
they voted to raise the debt ceiling as part of the deal. there are members of congress that voted yes on that but are not on your list. there well, like i said, is criteria. you have to be in a relatively safe or about the conceit and score under 70% on our scorecard. -- you have to live in a relatively safe republican seat and score under 70% on our scorecard. if you are going to represent a safe republican seat, you ought to be able to support a program agenda and take the risk of...
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Sep 26, 2013
09/13
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we are not negotiating raising the debt ceiling. they are going through a combo kit it, convoluted, unnecessary process, hopefully to the point they pass a continuing resolution so the government does not shut down, and we will see where we are when it comes to raising the debt ceiling. i am sure the president will be engaged with congress, as he has in the past on broader issues. he will not negotiate over congress's responsibility to ensure the united states does not default. is the white house looking for a new candidate to replace as chair of the federal -- >> ron was -- is a very qualified candidate for the position he has been nominated for. he is one of 100 nominees pending before the senate. the senate ought to act quickly on it. he is qualified and the senate ought to act on his nomination. today.delays they are technical in nature. is that the reason for them going online? >> yes. i believe the opening happens on time, october 1, there is an ability when it comes to the small business piece of this, to sign up for tax cred
we are not negotiating raising the debt ceiling. they are going through a combo kit it, convoluted, unnecessary process, hopefully to the point they pass a continuing resolution so the government does not shut down, and we will see where we are when it comes to raising the debt ceiling. i am sure the president will be engaged with congress, as he has in the past on broader issues. he will not negotiate over congress's responsibility to ensure the united states does not default. is the white...